OUTsurance's chief executive resigns

JOHANNESBURG - OUTsurance today announced that its chief executive Willem Roos, has resigned with effect from 31 December and will be taking up an executive position with the 4G+ mobile start-up business, Rain.

Multisource Telecoms Proprietary, currently trading as Rain is 20 percent owned by the Patrice Motsepe led investment vehicle African Rainbow Capital Investments which listed in the Speciality Finance Sector on the main board of the JSE last month.

The Rand Merchant Investment Holdings (RMI) which owns OUTsurance said in a statement that Roos will retain his shareholding in OUTsurance and remain on the board.
“Willem has left a lasting mark on the OUTsurance business that he founded and on the broader RMI group.”

“The RMI board extends its appreciation to Willem for his immense contribution, and wishes him and his family all the best in this next chapter,” RMI said.
In another blow to RMI, it also announced the chief executive of its RMI Investment Managers Chris Meyer will also leave his role at the end of the year. RMI said that Meyer will be relocating with his family to Sydney, Australia.

“Since starting the business in 2015, Chris has built a strong senior team of eight financial sector specialists, each with an average of ten to 20 years’ experience.” The group said it will update the market on the leadership changes for both businesses as soon as appointments have been made.